Gender pay gap continues to narrow, slowly |
The gender pay gap in Britain is closing more slowly than it was, with companies still struggling to promote women to more senior roles. According to PwC, the average male worker earned 11.8% more than the average female last year, down from 12.2% in 2022. The rate of change remains modest, and it will take more than 45 years for the gap to close completely, PwC’s calculations suggest. Six in ten businesses reported an improvement in their gender pay gaps, but most reductions were less than two percentage points. A fifth of companies said their gaps had stayed the same or worsened. PwC's diversity and inclusion consulting director, Katy Bennett, said that while progress is being made, societal barriers and difficulties in reducing reporting figures still exist. The Times’ Tom Howard reminds readers that the gender pay gap does not indicate that men earn more than women for the same job, but rather that more men hold senior, higher-paying positions. |
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